Economic Bakhtar News Agency is the official state news agency of the Afghan government, based in Kabul. The agency is a major source of news for all media in Afghanistan, gathering domestic and international news and providing information to outlets. http://www.bakhtarnews.com.af Thu, 15 Nov 2018 21:42:51 +0000 Joomla! 1.5 - Open Source Content Management en-gb TAPI and TAP Projects Discussed In Afghanistan http://www.bakhtarnews.com.af/eng/business/item/35699-tapi-and-tap-projects-discussed-in-afghanistan.html http://www.bakhtarnews.com.af/eng/business/item/35699-tapi-and-tap-projects-discussed-in-afghanistan.html TAPI and TAP Projects Discussed In Afghanistan

Thursday November 15, 2018

Kabul (BNA) Turkmenistan-Afghanistan-Pakistan-Iran gas pipeline (TAPI) and Turkmenistan-Afghanistan-Pakistan (TAP) power transmission line and railway initiated by the Turkmen side were discussed with the participation of the Afghan leader and chief executive Abdullah Abdullah. A delegation of Turkmenistan led by Head of the Ministry of Foreign Affairs Rashid Meredov was on a working visit to Afghanistan. The delegation was received by President Mohammad Ashraf Ghani, who reaffirmed Afghanistan’s commitment to the traditional intergovernmental dialogue. In particular, the agreement defines the volume of electricity that will be supplied to Afghanistan via the new transmission line – 300 megawatts to Herat and Kandahar cities each. In the future, they are planned to increase to 1,000 megawatts.
The TAPI pipeline will run from Galkynysh – the largest gas field in Turkmenistan – through the Afghan cities of Herat and Kandahar, and finally, reach the Fazilka settlement located near the India-Pakistan border. The total length of the pipeline is 1,814 km, the preliminary cost of the project is $10 billion. Annual capacity of the gas pipeline will be 33 billion m3. On February 23, 2018, the construction of the Afghan section of the TAPI gas pipeline, which will export gas from the Galkynysh field in Turkmenistan, was launched.
neftegaz.ru
 

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Economic Thu, 15 Nov 2018 09:19:39 +0000
Cost of Afghan Currency Against Foreign Currencies http://www.bakhtarnews.com.af/eng/business/item/35694-cost-of-afghan-currency-against-foreign-currencies.html http://www.bakhtarnews.com.af/eng/business/item/35694-cost-of-afghan-currency-against-foreign-currencies.html Cost of Afghan Currency Against Foreign Currencies

Wednesday, November 14, 2018

Kabul (BNA) Based on Union of money exchangers in Sari Shahzada, Kabul city, the exchange rate of Afghani as a follow:
                                                                           
One Dollar                                                              76/15        Afs
One Pound Sterling                                            98/10       Afs
One Euro                                                            85/80       Afs
One Emirate’s Dirham                                       20/60       Afs
One Thousand Pakistani Rupees                           767       Afs
One Thousand Indian Rupees                              1050       Afs
One Thousand Iranian Rupees                            05/80       Afs
Yarzada
 

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Economic Wed, 14 Nov 2018 10:35:06 +0000
Cost of Afghan Currency Against Foreign Currencies http://www.bakhtarnews.com.af/eng/business/item/35672-cost-of-afghan-currency-against-foreign-currencies.html http://www.bakhtarnews.com.af/eng/business/item/35672-cost-of-afghan-currency-against-foreign-currencies.html Cost of Afghan Currency Against Foreign Currencies

Tuesday, November 13, 2018

Kabul (BNA) Based on Union of money exchangers in Sari Shahzada, Kabul city, the exchange rate of Afghani as a follow:
                                                                           
One Dollar                                                              75/90        Afs
One Pound Sterling                                            96/70       Afs
One Euro                                                            85/30       Afs
One Emirate’s Dirham                                       20/60       Afs
One Thousand Pakistani Rupees                           564       Afs
One Thousand Indian Rupees                              1040       Afs
One Thousand Iranian Rupees                            05/50       Afs
Yarzada
 

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Economic Tue, 13 Nov 2018 07:02:33 +0000
Fourth National Festival of Saffron Flower Held in Herat http://www.bakhtarnews.com.af/eng/business/item/35663-fourth-national-festival-of-saffron-flower-held-in-herat.html http://www.bakhtarnews.com.af/eng/business/item/35663-fourth-national-festival-of-saffron-flower-held-in-herat.html Fourth National Festival of Saffron Flower Held in Herat

Tuesday, November 13, 2018

Herat (BNA) The fourth national festival of saffron flower was held in Herat yesterday.
Monesa Hasanzada provincial deputy of Herat province who participated in this festival appreciated the efforts of farmers in cultivation of saffron.
She said that our peasants could produce the best saffron among 300 types of saffron in the world which has the best quality and stand at first level in the world markets.
Hasanzada also noted that Afghanistan could get the third rank among 30 countries who produce saffron and have the best quality saffron in the world.
Bashir Ahmad head of Herat agriculture department said, Herat province has about 6000 hectares of saffron cultivation land, producing more than 12 tons of saffron and creating more than 10,000 households with more than 90 percent of production of this product as a pioneer in the industry of Afghanistan.
It is said that Herat saffron after producing and packing send to the markets with a sustainable prince.
T. Yarzada

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Economic Tue, 13 Nov 2018 05:56:49 +0000
Transportation of Merchandize through Germany Air Corridor http://www.bakhtarnews.com.af/eng/business/item/35639-transportation-of-merchandize-through-germany-air-corridor.html http://www.bakhtarnews.com.af/eng/business/item/35639-transportation-of-merchandize-through-germany-air-corridor.html Transportation of Merchandize through Germany Air Corridor

Monday November 12, 2018

Kabul (BNA) The witnesses in economic affairs believe that transportation of Afghan merchandize via air corridors of Germany is easy but expensive.
They say that the impact and role of air corridors of Afghanistan with regional countries is important in the growth of export-import of Afghanistan. A number of economic experts of Afghanistan believe that establishment of air corridors is effective in the economic growth of the country. According to them, the air corridors not only regarded as important for export-import of Afghan merchandize to regional countries, but it expands the ties of merchants with other regional countries in the field of commerce. Fortunately, now we are the witnesses of establishment of air corridors among India, Turkey, Indonesia and China and hope the commercial ties further be grown more with regional countries. Economic witness, Saifuddin Saihoon in a briefing with The Kabul Times on importance of establishment of air corridors said that Afghanistan is a land-locked country and lacks vast railroad and transportation infrastructures and to grow its economy is making effort with utility from air corridors to expand its export.
Based on the same, in current year, the government of Afghanistan practically inaugurated several air corridors to ease transportation of Afghan traders’ merchandize to overseas that recently we are the witnesses of establishment of air corridor with People’s Republic of China that through this, the Afghan products especially pine nut directly transported to that country via this corridor. He added that within recent years, after repeated closing of Pakistan borders before consignments of Afghan traders, the government of Afghanistan decided beside commercial borders to open air corridors for export of dried fruits and merchandize to abroad. According to him, it is possible transportation of merchandize through air corridor would be expensive but in present situation, this decision would be regarded as a positive step towards development of commerce of Afghanistan and can in some extent rescue our country from commercial alignment with those countries who close their ports before our merchandize any time they want and incur our merchants.
This measure would have its positive impact for development of private sector as well as this measure strengthens friendship among nations and also has its impact on their politics. At the same time, the chamber of commerce and industry time and again has asserted every year, when the export of Afghan products begins to Pakistan, the latter created some limitations in its borders with Afghanistan that as a result, our merchants and farmers sustain worth millions of dollars annually. So, establishment of air corridors in some extent remove the problems of Afghan merchants in the connection. It is said that for the first time, the fresh fruit of Afghanistan was transported to India through air corridor. In this flight 60 tons fresh and dried fruits was dispatched to New Delhi and after this, similar flights took place to Turkey and Kazakhstan. According to the authorities of government of Afghanistan, annually, $30 million is gained through air transportation and establishment of air corridors can play its positive impact in enhancement of this income.
Simultaneously, Afghanistan is making effort to expand as soon as possible the capacity of Chabahar port of Iran and open water way towards India and central Asia. Anyway, in present condition, the government takes step to grow and develop national economy. It is a hope for a bright future of the country. At the same time, the in-charges of chamber of commerce regard not only the role of air corridor as positive for increment of export with regional countries but regard it as effective for increment of total exports of Afghanistan. They believe that the air corridor of Afghanistan as an alternative way and positive pressure caused we face with lesser problems in land transportation. Based on the same, our export to regional countries is increasing daily and all these are the achievements earned through establishment of air corridors and efforts made by government of Afghanistan. It is mentionable that now, the government of Afghanistan has opened similar air corridor with China that through this, several tons of black pine-nut of Afghanistan have been exported to China.
Shukria Kohistani
 

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Economic Mon, 12 Nov 2018 06:59:54 +0000
Acting MoF Presents National Budget of FY -1398 to Upper House http://www.bakhtarnews.com.af/eng/business/item/35632-acting-mof-presents-national-budget-of-fy-1398-to-upper-house.html http://www.bakhtarnews.com.af/eng/business/item/35632-acting-mof-presents-national-budget-of-fy-1398-to-upper-house.html Acting MoF Presents National Budget of FY -1398 to Upper House

Sunday November 11, 2018

Kabul (BNA) H.E. Dr. Mohammad Humayon Qayoumi, Acting Minister of Finance and Chief Advisor on Infrastructure to H.E. the President, along with Dr. Mohammad Karim Baz, Deputy Minister for Parliamentary Affairs participated in Meshrano Jirga General Meeting where they presented the FY-1398 National Budget to the respected senators according to article 98 of Afghanistan Constitution. 
Acting Minister of Finance provided precise information to the members of Meshrano Jirga about collection of domestic revenue in accordance with financial plan and its increment by 30% comparing to FY-1393 and successful Review of Government’s financial and economic reforms by IM.
Additionally, he gave information to the senators about, improvement in national budget use indicators, cooperation in the area of regional transit and economic, development of private sector, agriculture, transport and energy as well as FY-1398 National Budget Draft.
In the meeting, Minister Qayoumi assured them that their comments on the national budget would be considered in accordance with the laws of the country and available facilities. He asked them to confirm the national budget for implementation of development budget on scheduled time and government working process as soon as possible to be submitted to Wolesi Jirga for approval. The total amount of the national budget for FY-1398 is 399 billion AFs, 275 billion AFs of which is the ordinary budget and 124billion AFs is the development budget.
Most of the development budget is allocated for five sectors respectively 52 billion AFS for Infrastructure, 23 billion AFs for agriculture and rural development, 13 billion AFs health, 8.8 billion AFs governance and 6.8 billion AFS for education.
It is worth mentioning that, the FY-1398 national budget is prepared in accordance with realities, available resources and government priorities.  In FY-1398 national budget, the focus is on development budget that is 12% higher comparing to FY-1397 national budget.  However, there has been a saving in ordinary budget.
 

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Economic Sun, 11 Nov 2018 10:59:19 +0000
Value Two Billion Afghani Jujube Produced in Farah http://www.bakhtarnews.com.af/eng/business/item/35629-value-two-billion-afghani-jujube-produced-in-farah.html http://www.bakhtarnews.com.af/eng/business/item/35629-value-two-billion-afghani-jujube-produced-in-farah.html Value Two Billion Afghani Jujube Produced in Farah

Sunday, November 11, 2018

Kabul (BNA) Nearly 3600 metric tons of Jujube worth 2 billion Afghani have been produced in Farah province.
Abdul Manan Mateen head of Farah agricultural department told BNA correspondent, Farah is one of the most important producer of Jujube which farmers and merchants of this province have received nearly 2 billion Afghani from Jujube production.
Jujube is one of the most valuable medicinal fruits which has been named (Telae Sourkh) (Red Gold) in Farah province.
According to reports, more than 1,000 hectares of land are under Jujube cultivation in this province.
Jujube of Farah province is exported to India and Pakistan, agricultural officials of Jujube production in Farah province said, the Jujube grows a lot every year in this province.
The main center of Jujube production is in Poshtroad, Anar Dara Districts, villages and suburb of Farah province and also Poshtkoh and Qala-e-Kah Districts.
According to the head of Farah agricultural department, currently Jujube has been widely cultivated in all districts and villages of that province.
Two years ago, the project for the construction and spread of Jujube gardens in Pashtoonkoh and Qala-e-Kah districts of Farah province implemented at the cost of 70,000 $, and a total of 100 Jujube gardens were created in the two mentioned districts and center of Farah province.
Officials of Farah agricultural department say technical and vocational training has been given to 200 gardeners in Farah province with the implementation of a project to expand Jujube gardens.
Farmers in Farah province say that this product is also good, and in terms of resources and energy, it is considered gourmet fruit.
Jujube fruit is used both freshly and in dry form.
T. Yarzada
 

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Economic Sun, 11 Nov 2018 10:12:45 +0000
Cost of Afghan Currency Against Foreign Currencies http://www.bakhtarnews.com.af/eng/business/item/35626-cost-of-afghan-currency-against-foreign-currencies.html http://www.bakhtarnews.com.af/eng/business/item/35626-cost-of-afghan-currency-against-foreign-currencies.html Cost of Afghan Currency Against Foreign Currencies

Sunday, November 11, 2018

Kabul (BNA) Based on Union of money exchangers in Sari Shahzada, Kabul city, the exchange rate of Afghani as a follow:
                                                                           
One Dollar                                                              75/80        Afs
One Pound Sterling                                            97/80       Afs
One Euro                                                            86       Afs
One Emirate’s Dirham                                       20/50       Afs
One Thousand Pakistani Rupees                           566       Afs
One Thousand Indian Rupees                              1035       Afs
One Thousand Iranian
 

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Economic Sun, 11 Nov 2018 07:20:34 +0000
Cost of Afghan Currency Against Foreign Currencies http://www.bakhtarnews.com.af/eng/business/item/35609-cost-of-afghan-currency-against-foreign-currencies.html http://www.bakhtarnews.com.af/eng/business/item/35609-cost-of-afghan-currency-against-foreign-currencies.html Cost of Afghan Currency Against Foreign Currencies

Saturday, November 10, 2018

Kabul (BNA) Based on Union of money exchangers in Sari Shahzada, Kabul city, the exchange rate of Afghani as a follow:
                                                                           
One Dollar                                                              75/60       Afs
One Pound Sterling                                            97/50       Afs
One Euro                                                            85/8550       Afs
One Emirate’s Dirham                                       50/45      Afs
One Thousand Pakistani Rupees                           570      Afs
One Thousand Indian Rupees                              1035       Afs
One Thousand Iranian Rupees                            05/40       Afs
Yarzada
 

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Economic Sat, 10 Nov 2018 11:22:51 +0000
WB, ADB Sign Agreement to Co-Finance Kandahar’s Dahla Dam Rehabilitation Project http://www.bakhtarnews.com.af/eng/business/item/35599-wb-adb-sign-agreement-to-co-finance-kandahar’s-dahla-dam-rehabilitation-project.html http://www.bakhtarnews.com.af/eng/business/item/35599-wb-adb-sign-agreement-to-co-finance-kandahar’s-dahla-dam-rehabilitation-project.html WB, ADB Sign Agreement to Co-Finance Kandahar’s Dahla Dam Rehabilitation Project

Saturday, November 10, 2018

Kabul 9BNA) World Bank (WB) and the Asian Development Bank (ADB) on Thursday signed agreement with Afghanistan to co-finance Dhala Dam rehabilitation project in southern Kandahar province.
The agreement was signed between Afghanistan’s Acting Minister of Finance Mohammad Humayoun Qayoumi and country directors of World Bank and ADB in a ceremony in Kabul that was also attended y President Mohammad Ashraf Ghani.
Dahla Dam is the largest dam in Kandahar and second largest in Afghanistan.  The dam was built in 1952, but it was subject to siltation of the reservoir due to neglect over the years of war.
The rehabilitation project is expected to cost $400 million, which will be financed by World Bank and ADB, the president’s office said in a statement.
Tranche I of four expected tranches includes raising Dahla Dam’s height by 12 meters as a result of which its capacity will increase from 298 million cubic meters to 798 cubic meters.
Tranche 2 includes building system to irrigate 20,000 hectares of agriculture land Trench 3 involves water supply to Kandahar city and its neighboring villages.  Trench 4 includes installing 24-megawatt capacity of hydropower turbines.
Contract for engineering studies of the project was signed in September 2017 and the process is expected to be completed in August next year.
 

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Economic Sat, 10 Nov 2018 11:08:12 +0000